Ford Cuts Product Development Time

The Daily Auto Insider: Ford has reduced the time it takes to bring a new vehicle to the market by eight to 10 months.

Ford has reduced the time it takes to bring a new vehicle to the market by eight to 10 months, Reuters reported, citing Phil Martens, Ford's group vice president of product creation.

Starting mid-2007, vehicles will have been developed in about 18 months, resulting in cost savings of up to 60 percent. Ford now takes about 28 months to get a vehicle to market after its design is finalized.

Martens spoke at a new $16 million Ford safety testing facility that will also help the automaker cut product development time, the story said.

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